News

Bitola to get district heating from KfW’s loan

Published

December 29, 2015

Comments

0

Share

Published:

December 29, 2015

Comments:

0

Share

The governments of Macedonia and Germany, local utility ELEM and KfW Development Bank signed agreements for the project of new district heating system for Bitola, Novaci, Mogila and Logovardi. The bank provides a EUR 39 million loan with fixed interest rate of 1.5% for 15 years, including a grace period of four years, according to a report by MIA news agency.

ELEM is obligated to provide EUR 7.5 million from its funds. The first phase is for a 12.5 kilometre pipeline from coal-fired power plant REK Bitola to the town itself, with a substation and distribution network, as well as connections for the three remaining villages in the country’s southwest.

The project is for the utilization of waste heat from the power plant. The first phase includes 35 public facilities. Later on, distribution network can be constructed for Novaci, Mogula and Logovardi. Vice premier and minister of finance Zoran Stavreski said significant savings of wood and heating oil will be achieved, alongside benefits for the environment.

KfW will transfer its funds to the contractor which will be picked at an international tender.

Related Articles

Romanian journalists uncover giant hybrid power plant project Serbian border

Romanian journalists uncover giant hybrid power plant project on Serbian border

30 March 2023 - A dormant wind, solar and pumped hydropower project valued at EUR 1.9 billion has been unearthed in a Romanian media report

us renewables texas coal nuclear eia

Renewables outpace coal for first time in US power production

30 March 2023 - The US power sector produced 4,090 TWh last year, and the share of renewables was 21%, the Energy Information Administration said.

Djedovic Dedovic Serbia promote energy storage renewables law

Đedović: Serbia to promote energy storage with changes to renewables law

30 March 2023 - To avoid a delay in connecting their renewable power plant, investors will need to add batteries, according to the renewables bill

Greece PPC Renewables two solar power plants f 250 MW

Greece’s PPC Renewables finishing two solar power plants of 250 MW in total

29 March 2023 - PPC Renewables said it would complete two photovoltaic facilities in Greece's coal hubs by the end of the month